Brent Drops Again! Amid Global Economic Concerns
Brent oil prices experienced a slight correction on Monday (November 3rd), compared to the previous week. This decline reflects growing concerns about slowing global demand and relatively stable supply—two factors that have combined to exert upward pressure on oil prices.
Brent oil price at the time of writing was $64.43
- Buy if the price moves within the $64.48 range
- Sell if the price moves within the $64.33 range
Resistance 2: $64.73
Resistance 1: $64.58
Support 1: $64.23
Support 2: $64.08
Disclaimer:
This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.
Source: Newsmaker.id